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EU, US boost cooperation on energy security, climate change
Platts
Brussels
Petroleumworld.com 06 23 06
European Union and US leaders have agreed to cooperate more on energy
security and climate change issues, they said in a joint statement late
Wednesday after the EU-US summit in Vienna.
On energy security both sides agreed to work together to develop
liquefied natural gas, renewables, low emission power generation technologies,
hydrogen energy, carbon sequestration, cutting gas flaring and biofuels, and
to "use energy in a more efficient and environmentally responsible manner."
They also agreed on the need for improved talks with the major producer,
transit and consumer countries and for diversifying energy sources and supply
routes, particularly in the Caspian sea region, Middle East, continental
Africa and Latin America.
"We are concerned about some recent developments in Russia and the region
and will work with Russia to promote energy security," said the leaders. Both
sides want to "promote market-based energy security policies that ensure
competition, transparency, respect for contracts, and non-discriminatory
trade, transit, and access."
The two sides plan to monitor their energy cooperation through an annual
strategic review. On climate change, the two sides have agreed to set up an
EU-US high level dialogue on climate change, clean energy and sustainable
development.
The topics to be discussed include experience with different market-based
mechanisms to promote cost-effective reductions in greenhouse gas emissions,
developing and using cleaner, more efficient, low emission energy
technologies, energy efficiency and savings, renewables and energy production
and distribution systems. The first meeting is planned for autumn 2006 in
Helsinki.For more news, request a free trial to EU Energy at
http://www.platts.com/Request%20More%20Information/Platts 22 06 06
Copyright ©2006 Platts. All Rights Reserved.
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